Topic: After losing the money in gambling,what is your strategy - page 12. (Read 2021 times)

It is quite sad that your friend did not realized that he has done to much misery to his family.  I understand your friends eagerness to recover the money but he should have realized that the more we chase losses and aim to recover in gambling the more we lose since our decision is greatly affected by the desire to recover the amount. 

I am with you in suggesting your friend to stop gambling (for the meantime) and look for a stable job and pay for his debt first before going back to gambling.  or if your friend can't stop gambling, he still needs to look for a stable job, and allocate a certain percentage of his income to paying the debt, fund for gambling, and family needs, obviously he must prioritize the expenses for the needs of his family. 

But it looks like your friend is somehow stubborn and keep on insisting that he can recover his losses.  I think you can't do anything in this situation and let your friend be, at least you had adviced him of the right thing to do, it is up to him if he will heed it or not.

,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.
I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Your friend has a bad strategy all method or strategy, anything that involves taking a loan is always a bad idea, you should never play with the idea that must win and beat the casino it is pressure playing that will eventually backfire on you.
In my case whenever I suffer huge losses I take a break so I can forget my losses, you don't play right away and try to regain what you've lost, as a rule of thumb in gambling you must never chase your losses, it's a bad mindset, a bad idea and bad strategy, so it will yield with a bad result.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

It’s true most of the gamblers had loss their funds by chasing their loss after their loss in the gambling site.The important to understand the reality,why the gambler should risk again where the possibility of winning is like 50-50 of the betting.Many gamblers get into the bankrupt by choosing the option of borrowing the money to target the losses in the past games.Many experienced gamblers will not accept the way of borrowing for the next game in the gambling site after the loss of their entire capital money.


The responsible gamblers will accept their loss in the gambling site,they never worry about the old losses.Because by participating in the gambling site,they agree to play the game with the 50-50 chance of winning in the gambling site.The borrowing for the loss is like the money loss may be multiplied.So it was essential for the gamblers to get away from the more loan to get into the huge financial problem.The experienced gambler would not take the loan to play gambling with loan.

Gambling with borrowed money to cover prior losses is an extremely dangerous and foolish act. Borrowing money to gamble is highly ill-advised as it may exacerbate your already existing financial troubles. If you have started going through a difficult time because of earlier gambling losses, taking a loan will only make the financial burden more unbearable, which would likely perpetuate a cycle of economic turmoil.

An irresponsible way to solve money problems or make up for previous losses is gambling. What you should be concentrating on is putting an end to your gambling addiction and then slowly turning around your financial situation without any aggressive efforts. Dealing with a gambling problem takes self-awareness, the support of loved ones, and sometimes the aid of a therapist or an addiction counselor. So if you learn that one of your loved ones has a gambling problem, it is better that you be supportive for them to overcome it.

Taking up some loan for you to gamble more or would really be trying out to make some recovery of your lost funds? For sure you are really that digging up your own grave if you would really be continuing this kind of behavior on which it would really be that better that you should really be that avoiding such mistake as much as you could. On the time that you would be losing money then dont make yourself that be thinking that you could really be able to recover on what you have lost. Always be that sensible on the actions you are making and since you are really that been wary that gambling is risky then it would be better that you should be completely quitting up or stopping on the time that you had exhausted all of your bankroll on which it would really better that having that control as always.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

It is very unwise for an individual to loan money and go into gambling with the hope of doubling the money, some individuals have been lucky though but it's not advisable and very risky moreover your friend  previously lost $2000 so the best thing to do is pause for a while, come up with better strategies and continue later if he wishes, but then not with a loaned money but spare cash he could willingly lose.

 Well if he were to be my friend the best advise I'll give him is to take a temporary pause and try again later instead going to borrow money and chase his lose, what if he lose the money he borrowed to recover his lose, would he go borrow another money again to pay for the old debt? These are things I expect some individuals to put into consideration before taking some steps they'll regret and since he's your friend you're in the best position to feed him with good advise.

Additionally, if we are going to consider the risk involved, i don't think such should even be regarded as a strategy, instead a stupidity, from the first place, taking loan is not a good idea for starting a business and not to talk of using it for gambling purpose, with this kind of decisions, so many gamblers have be thrown into divers categories of troubles at the cause and there is no how they can see gambling as fun anymore with this than frustration because they are busy running after what they may not be able to achieve with the loan taken.

Taking up some loan for you to gamble more or would really be trying out to make some recovery of your lost funds? For sure you are really that digging up your own grave if you would really be continuing this kind of behavior on which it would really be that better that you should really be that avoiding such mistake as much as you could. On the time that you would be losing money then dont make yourself that be thinking that you could really be able to recover on what you have lost. Always be that sensible on the actions you are making and since you are really that been wary that gambling is risky then it would be better that you should be completely quitting up or stopping on the time that you had exhausted all of your bankroll on which it would really better that having that control as always.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

Knowing the nature of gambling and the risk involved, i will also not support for the use of loan all in the name of having recovery, do we even have that confidence that we are going to win if we should take loan in other to win, is chasing after losses proven to be one of the effective means of winning in gambling, have we even consider the house edge effect upon every bet we are taking, why do we think that many will advise that only gamble with the amount of money you can afford to lose, all these should be put into consideration by the gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.